Kodak Preparing for Chapter 11 Bankruptcy Protection

According to the Wall Street Journal, Kodak, that giant of all things film, is preparing for a potential Chapter 11 filing, should some plans to sell digital patents not pan out.

Wow. For a company that was once synonymous with photography, this is a sad day. Not that it’s entirely unexpected. According to the piece, Kodak shares have been trading at under $1 for 30 straight days and it is in anger of being delisted by the New York Stock Exchange.

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